Tracking & recording CPD hours
Most accounting associations follow the input based approach to measuring CPD which requires accountants to record and complete a set number of learning hours (often referred to as credits) or equivalent learning units within a rolling period of time or to complete a specified amount of CPD activity in each year.[4]
For example, an accounting association may set a requirement of at least 120 hours of CPD in a rolling three year period, with a minimum of 20 hours of CPD activity in each year. Some of these CPD requirements may be of a verifiable and unverifiable nature.
Following the CPD Framework and implementing a structured approach to CPD recording involves meticulous planning and documentation. At QuickBooks, we’ve developed a guide to track and record CPD hours to help accountants meet their professional development requirements and maintain their accounting certifications.